Equipment breakdown insurance for cannabis businesses

As one of the country’s leading cannabis insurance agencies, Reliant Agency is well-versed in cannabusiness risk management. Equipment breakdown insurance is an important part of your company’s risk management plan because it helps protect your largest asset- your business.

The cannabis industry has grown exponentially in the past few years. With the legalization of cannabis in several states- including Illinois- cannabusinesses have been able to improve their cultivation and manufacturing methods. Long gone are the days where you had to plant your plants one by one and trim them by hand.

While equipment like marijuana extraction machinery have made the job easier, they also carry their own risks.

What does cannabis equipment breakdown insurance cover?

Equipment breakdown insurance typically covers five areas: electrical, mechanical, boilers and pressure equipment, computers and communications and refrigeration systems and air conditioners. Cannabis insurance like equipment breakdown insurance can protect you if:

Why do you need equipment breakdown insurance?

It’s not cheap to own a cannabis business. While equipment and machinery can increase your production rates, they can also be expensive to repair.

If you have a sudden equipment breakdown, you could face costs beyond the physical repairs such as property damage, inventory replacement and loss of income.

As one of the country’s leading cannabis insurance agencies, Reliant Agency is well-versed in cannabusiness risk management. Equipment breakdown insurance is an important part of your company’s risk management plan because it helps protect your largest asset- your business.

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As an independent agency, we are here to help you find the right Equipment Breakdown Insurance coverage.